American Express Co. (AXP) to Release Earnings on Wednesday

American Express Co. (NYSE:AXP) will release its Q316 earnings data on Wednesday, October 19th. Analysts expect American Express to post earnings of $0.96 per share and revenue of $7.70 billion for the quarter.

American Express (NYSE:AXP) last announced its earnings results on Wednesday, July 20th. The payment services company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.15. The firm had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.33 billion. American Express had a return on equity of 28.00% and a net margin of 16.73%. American Express’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 EPS. On average, analysts expect American Express to post $5.51 EPS for the current fiscal year and $5.54 EPS for the next fiscal year.

Shares of American Express Co. (NYSE:AXP) opened at 60.15 on Monday. The firm’s 50-day moving average price is $63.87 and its 200-day moving average price is $63.60. American Express Co. has a one year low of $50.27 and a one year high of $77.61. The firm has a market cap of $55.57 billion, a PE ratio of 10.64 and a beta of 1.24.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Friday, October 7th will be paid a $0.32 dividend. This is an increase from American Express’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Wednesday, October 5th. American Express’s payout ratio is presently 22.54%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mycio Wealth Partners LLC raised its position in American Express by 4.1% in the second quarter. Mycio Wealth Partners LLC now owns 1,638 shares of the payment services company’s stock worth $100,000 after buying an additional 65 shares in the last quarter. Segall Bryant & Hamill LLC increased its position in American Express by 2.3% in the second quarter. Segall Bryant & Hamill LLC now owns 3,701 shares of the payment services company’s stock valued at $225,000 after buying an additional 84 shares during the last quarter. Blume Capital Management Inc. increased its position in American Express by 15.5% in the second quarter. Blume Capital Management Inc. now owns 1,733 shares of the payment services company’s stock valued at $105,000 after buying an additional 233 shares during the last quarter. Azimuth Capital Management LLC increased its position in American Express by 2.0% in the second quarter. Azimuth Capital Management LLC now owns 14,015 shares of the payment services company’s stock valued at $852,000 after buying an additional 270 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in American Express by 2.1% in the second quarter. Ameritas Investment Partners Inc. now owns 16,526 shares of the payment services company’s stock valued at $1,004,000 after buying an additional 332 shares during the last quarter. 82.17% of the stock is owned by hedge funds and other institutional investors.

AXP has been the subject of a number of research reports. Vetr upgraded American Express from a “buy” rating to a “strong-buy” rating and set a $67.47 target price for the company in a research note on Monday, June 27th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of American Express in a report on Thursday, June 30th. Credit Suisse Group AG reaffirmed an “underperform” rating on shares of American Express in a report on Tuesday, July 5th. DA Davidson reaffirmed a “neutral” rating and set a $66.00 price target on shares of American Express in a report on Friday, July 8th. Finally, Wells Fargo & Co. reaffirmed a “hold” rating and set a $65.00 price target on shares of American Express in a report on Sunday, July 10th. Nine investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $67.88.

American Express Company Profile

American Express Company is a services company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s segments include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).